Whitespace Platform gains additional functionality with 5th major release in six months

Whitespace Platform gains additional functionality with 5th major release in six months 150 150 Haggie Partners

Whitespace, the fully digital e-trading platform, today announces the release of its version 2.12, the fifth major update to the platform in the past six months, reinforcing its position as the only truly digital, data-led platform for the insurance industry.

This latest update introduces comprehensive support for MRC v3 guidelines, ensuring compatibility with all contract headings detailed in the MRC v3 document published in Lloyd’s Blueprint Two. This enables seamless integration and interoperability with the Whitespace Platform for all contracts composed following MRC v3 guidelines. Additionally, a raft of new data tags have been added to the defined data system, reflecting the cutting-edge of data standards. With this, Whitespace’s defined data system fully complies with CDR v3.2 – the only digital platform to do so.

Release 2.12 also substantially upgrades the Admin Portal, improving workflows for all customers and minimising the opportunity for error. Underwriter customers now have significantly enhanced stamp creation and management functionality, including the ability to assign stamps to specific teams. Brokers, meanwhile, have a new template management system to increase template security.

Marcus Broome, chief platform officer, said: “We have always been committed to providing our customers with a comprehensive and user-friendly platform built with structured data at its core. Release 2.12 incorporates customer feedback and offers full compliance with MRC v3 guidelines, reflecting our unique capability to meet the market’s evolving needs.”

Charley Wright, head of account management, added: “Release 2.12 is another milestone on-time delivery for the Whitespace Platform, offering even greater flexibility to brokers and underwriters and putting more control in the hands of our customers’ administration users.”